Mixed-Use Property with Two
For Sale
$1,100,000
Pending
227 Broad Street, Staten Island, NY 10304
Residential Income, Staten Island, NY
Property Size3,375 SF
Lot Size0.05 Acres
Days on Market336
Property Features for 227 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3-2
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking features
On Street
Basement
Full, Unfinished
Lot features
Back Yard
Subdivision
Stapleton
Standard status
Pending
APN
00541-0026
Size
3,375 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2825
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Amenities
backyard
Building Details
Year built
1931
Floors in Building
3
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Young A Choi
(347) 733-3231
Added: Oct 10, 2025
Changed: Sep 4
Last Checked: Sep 10 at 5:06AM
MLS# 2506035
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building contains a liquor store on the ground floor and one three-bedroom apartment on each of the two upper floors. The residential units have updated window frames and fresh paint, while the property also includes a backyard for tenant use or future improvements.
Built in 1931, the 3,375-square-foot structure sits on a 0.0517-acre lot at 227 Broad Street in Staten Island. The property is zoned R3-2 and features vinyl siding, hot-water heating, natural gas service, public sewer, and on-street parking. The configuration combines an operating retail component with two residential apartments in a compact, income-producing format.
Built in 1931, the 3,375-square-foot structure sits on a 0.0517-acre lot at 227 Broad Street in Staten Island. The property is zoned R3-2 and features vinyl siding, hot-water heating, natural gas service, public sewer, and on-street parking. The configuration combines an operating retail component with two residential apartments in a compact, income-producing format.
Key Highlights
- Mixed‑use building with a ground‑floor liquor store
- Two 3‑bedroom apartments occupy the second and third floors
- 3,375 square feet on a 0.0517‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,980
$1.7M
Cap Rate 7%
$1,191,414
$1.2M
Cap Rate 9%
$926,656
$926.7K
Market Conditions
NOI Build-Up for 3,375 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$129.6K $38.40/SF
− Vacancy
−$10.5K −$3.10/SF
EGI
$119.1K $35.30/SF
− OpEx
−$35.7K −$10.59/SF
NOI
$83.4K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,980
Cap Rate 7%
$1,191,414
Cap Rate 9%
$926,656
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,399 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$1.09M
$955.4K – $1.27M
NOI $76,431 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,726 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor liquor retail accompanies two updated three-bedroom apartments with separate residential levels above.
Where is this mixed-use property located?
The property is located at 227 Broad Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use building with a ground‑floor liquor store; Two 3‑bedroom apartments occupy the second and third floors; 3,375 square feet on a 0.0517‑acre lot
